Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.
I think it’s a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more.
Seems alright with me tbh.
It isn’t a great idea even in theory. Even ideally, workers inalienable rights to appropriate the fruits of their labor and to democracy are still violated. These rights flow from the moral principle that legal and de facto responsibility should match. In a company, employees are jointly de facto responsible for using up the inputs to produce the outputs, but receive 0% of property rights and liabilities. The employer is held solely legally responsible resulting in a mismatch
“Growth for the sake of growth is the ideology of the cancer cell”
The stock price will fall if we don’t make more money then we did last year.
Because we are legally obliged to do what is best for shareholder, or they can sue us.
About sums it up
Accurate. The laws need to find a balance as I get shareholders who took a risk on business would like to see a return, but it is way too slanted to the point that the risk is on our entire society. We need people to be in those laws not just shareholders.
Maybe stock market was a mistake?
Our implementation certainly is.
See Norwegian Sovereign Wealth Fund for more…
I think it’s a great idea in theory. Basically a form of decentralised loans. You need money to invest, you sell shares of your company to get some cash. In return the shareholders get a return if you succeed. And of course they can sell their shares if now your company is worth more. Seems alright with me tbh.
But nowadays it just seems like a fucking casino.
Needs more socialism. But we know how that goes…
It isn’t a great idea even in theory. Even ideally, workers inalienable rights to appropriate the fruits of their labor and to democracy are still violated. These rights flow from the moral principle that legal and de facto responsibility should match. In a company, employees are jointly de facto responsible for using up the inputs to produce the outputs, but receive 0% of property rights and liabilities. The employer is held solely legally responsible resulting in a mismatch
Also fire.
“OH MY GOD! WE’RE HAVING A FIRE… Sale.”
Tissue. A cancer tissue.
Cells are expendable in pursuit of infinite growth.
Someone tell them they don’t have to follow Steve Jobs in everything.
This is too perfect of an analogy…